Coca-Cola (KO) and its bottling partners plan to invest over $1.4 billion in Argentina over the next four years, multiple news outlets reported Thursday, citing company CFO John Murphy.

The company plans to strengthen operations and prepare for future demand, Murphy reportedly said after meeting with Argentina's President Javier Milei.

Coca-Cola will partner with local bottlers Coca-Cola Femsa, Coca-Cola Andina, Arca Continental, and Reginald Lee for this project, according to the reports.

The investment will upgrade production equipment, modernize distribution centers, and renew delivery vehicles, along with digital solutions for better efficiency and sustainability, the media outlets reported.

Coca Cola did not immediately respond to a request for comment from MT Newswires.

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